What economic concept explains why the Philippines imports electronics and exports labor?
A. Trade-off
B. Opportunity cost
C. Comparative advantage
D. Traditional economy

Question

MaximoRykei · Answer

The correct answer is letter C. The Philippines specializes in overseas work and BPO services because its opportunity cost is lower than trying to manufacture electronics locally.

What economic concept explains why the Philippines imports electronics and exports labor? A. Trade-off B. Opportunity cost C. Comparative advantage D. Traditional economy

Answer (1)

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What economic concept explains why the Philippines imports electronics and exports labor?
A. Trade-off
B. Opportunity cost
C. Comparative advantage
D. Traditional economy

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[Sagot para sa’yo] Give an example of a cultural symbol that represent Filipino identity. Explain why you consider it as a cultural symbo